About Movimento
Movimento is a Transportation, Automotive & Logistics company based in Goteborg (Sweden) founded in 2003, and was acquired by Delphi Technologies in January 2017. Vehicle network tools providing OTA software updates for connected cars. Movimento has raised $9.6 million across 2 funding rounds from investors including Delphi Technologies, Eqvitec Partners and Industrifonden. Movimento offers products and services including Reflash Services, PUMA Hardware, and ECU Stations. Its focus areas include Connected Vehicles, Connected Car Platform, OTA Platform and Auto Tech. Its legal entity is Movimento, a division of Aptiv.
Company details
Movimento was founded in 2003 in Gothenburg, Sweden, focusing on the automotive sector. Vehicle network tools are developed to support over-the-air software reflashing for major original equipment manufacturers. A suite of products and services is offered to enable secure updates and advance software-defined vehicle concepts. Analytics on vehicle usage are also provided to automotive firms for operational insights.
- Headquarters Goteborg, Sweden
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website movimentogroup.com
- Social LinkedIn Facebook
- Acquired by Delphi Technologies (Jan 2017)
- Legal Name Movimento, A Division Of Aptiv
- Total Equity Funding$9.6M (USD)
in 2 rounds
- Latest Funding Round$5.6M (USD), Series B
Jun 2007
- InvestorsDelphi Technologies
& 2 more
- Acquired byDelphi Technologies
(Jan 2017)
Products & Services of Movimento
Movimento offers a comprehensive portfolio of products and services, including Reflash Services, PUMA Hardware, and ECU Stations.
Provides flash and reflash for automotive ECUs with high success rates
Offers portable tools for ECU reflashing in automotive applications
Delivers in-plant stations for efficient vehicle reflash operations
Funding Insights of Movimento
Movimento has successfully raised a total of $9.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5.6 million completed in June 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $9.6M
- Total Rounds 2
- Last Round Series B — $5.6M
- First Round $4M
(Mar 2006)
- Investors Count 2
All 2 funding rounds of Movimento with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2007 | $5.6M | Series B | – | – | |
| Mar 2006 | $4M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Movimento
Movimento has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Delphi Technologies, Eqvitec Partners and Industrifonden.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| eqvitec.com | ||||
Investments in deep-tech, life sciences, and transformative tech are managed. | industrifonden.com | Stockholm, Sweden | ||
Manufacturer and supplier of automotive parts to OEMs | 1994 | delphi.com | Auburn Hills, United States |
Investor details for Movimento
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Movimento
8 people are tracked at Movimento (2 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Chad Kirchoff | General Manager | Leadership |
Dhanaji More | Director Of Product Management, Movimento (an Aptiv Company) | Leadership |
Scott Gaines | IPF Operations Manager | Team |
Mike Galka | Program Manager | Team |
Susan Moe | Account Manager | Team |
Angelica Rodriguez | Operations Manager | Team |
Julio Navarro | Mexico Operations Manager | Team |
Katie Linehan | Campaign Operations Manager | Team |
Complete people profiles for Movimento
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Movimento
4 dated milestones of Movimento across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Movimento is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $5.6M.
- Exit Acquired by Delphi Technologies.
Web traffic of Movimento
The website of Movimento (movimentogroup.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 82.3% vs previous month
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Frequently Asked Questions about Movimento
Movimento was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Movimento is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Movimento is a funded company, having raised a total of $9.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Mar 2006.
Movimento was founded in 2003 in Gothenburg, Sweden, focusing on the automotive sector. Vehicle network tools are developed to support over-the-air software reflashing for major original equipment manufacturers. A suite of products and services is offered to enable secure updates and advance software-defined vehicle concepts. Analytics on vehicle usage are also provided to automotive firms for operational insights.
Movimento offers Reflash Services, PUMA Hardware, and ECU Stations.
Movimento has 3 investors. Key investors include Delphi Technologies, Eqvitec Partners, and Industrifonden.
Movimento operates through Movimento, A Division Of Aptiv.
Yes. Movimento was acquired by Delphi Technologies in January 2017.